Cleveland Cliffs Inc (CLF)

[Saving Grace]

Lorenco needs to announce the new customer now to get rid of these shorts. To make us wait for another quarterly report when we can have a materials event announcement now had better be to buy shares back for cheap.

Had that announcement been made, these shorts would have began to cover but instead they shorted millions more where we are now 22% of the float shorted.

The minute the new customer is publicly announced it will dramatically change the 20mm Tonne guidance.

Shareholders need updates instead of waiting every 3 months to be updated and informed.